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{{short description|Indian multinational watch manufacturing company}}
{{short description|Indian multinational jeweller and watchmaker}}
{{about|the consumer goods company from India|other companies|Titan (disambiguation)}}
{{about|the consumer goods company from India|other companies|Titan (disambiguation)}}
{{Multiple issues|
{{Overly detailed|date=May 2023}}
{{Third-party|date=May 2023}}
{{Third-party|date=May 2023}}
}}
{{Use Indian English|date=September 2020}}
{{Use Indian English|date=September 2020}}
{{Use dmy dates|date=September 2020}}
{{Use dmy dates|date=September 2020}}
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| name = Titan Company Limited
| name = Titan Company Limited
| logo = Logo of Titan Company, May 2018.svg
| logo = Logo of Titan Company, May 2018.svg
| logo_size = 200px
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list |{{BSE|500114}}|{{NSE|TITAN}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| traded_as = {{Unbulleted list |{{BSE|500114}}|{{NSE|TITAN}}|[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}}
| ISIN = {{ISIN|sl=n|pl=y|INE280A01028}}
| ISIN = {{ISIN|sl=n|pl=y|INE280A01028}}
| founder = [[Xerxes Desai]]<ref>{{Cite news|url=https://www.livemint.com/Companies/YU0lGZxi8vGW383NazxsOK/Xerxes-Desai-founder-of-Titan-dies.html|title=Xerxes Desai, founder of Titan, dies|publisher=Livemint.com|date=28 June 2020|access-date=7 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007183639/https://www.livemint.com/Companies/YU0lGZxi8vGW383NazxsOK/Xerxes-Desai-founder-of-Titan-dies.html|url-status=live}}</ref>
| founder = [[Xerxes Desai]]<ref>{{Cite news|url=https://www.livemint.com/Companies/YU0lGZxi8vGW383NazxsOK/Xerxes-Desai-founder-of-Titan-dies.html|title=Xerxes Desai, founder of Titan, dies|publisher=Livemint.com|date=28 June 2020|access-date=7 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007183639/https://www.livemint.com/Companies/YU0lGZxi8vGW383NazxsOK/Xerxes-Desai-founder-of-Titan-dies.html|url-status=live}}</ref>
| area_served = Worldwide
| area_served = Worldwide
| key_people = {{Unbulleted_list|N. Muruganandam ([[Chairman]])|C. K. Venkataraman ([[Managing Director|MD]], [[Chief Executive Officer|CEO]])<ref>{{Cite news|url=http://www.afaqs.com/news/story/10587_C-K-Venkataraman-is-COO-Titan-Jewellery-Division|title=C K Venkataraman is COO, Titan Jewellery Division|publisher=afaqs.com|date=7 January 2020|access-date=7 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007223125/http://www.afaqs.com/news/story/10587_C-K-Venkataraman-is-COO-Titan-Jewellery-Division|url-status=live}}</ref><ref>{{Cite news|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=36142571&privcapId=708276|title=Titan Co Ltd|publisher=bloomberg.com|access-date=7 October 2020}}</ref>}}
| key_people = {{Unbulleted_list|Arun Roy ([[Chairman]])|C. K. Venkataraman ([[Managing Director|MD]])|Ashok Sharma ([[Chief financial officer|CFO]])<ref>{{cite web |title=Titan Company Ltd |url=https://www.reuters.com/markets/companies/TITN.NS |website=Reuters |access-date=21 June 2024}}</ref>}}
| industry = [[Lifestyle business|Lifestyle]]
| industry = [[Lifestyle business|Lifestyle]]
| genre =
| genre =
| products = [[Watches]], [[Jewellery]], [[Bags]], [[Perfume]]s, [[Belt (clothing)|Belts]], [[Wallets]] and [[Eyewear]]
| products = [[Watches]], [[Jewellery]], [[Bags]], [[Perfume]]s, [[Belt (clothing)|Belts]], [[Wallets]] and [[Eyewear]]
| revenue = {{increase}} {{INRConvert|40883|c}} (2023)<ref name="FY">{{cite web|url=https://archives.nseindia.com/corporate/TITAN_03052023162018_SEoutcomeofboardmeetingQ4.pdf|title=Annual Report for the FY 2023|publisher=Titan Company|date=3 May 2023|access-date=3 May 2023}}</ref>
| revenue = {{increase}} {{INRConvert|51617|c}} (2024)<ref name="FY">{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/37c923f5-2a9b-4ca7-8130-3270343b7c1a.pdf|title=Annual Report for the FY 2024|publisher=Titan Company|date=3 May 2023|access-date=3 May 2023}}</ref>
| operating_income = {{increase}} {{INRConvert|4447|c}} (2023)<ref name="FY"/>
| operating_income = {{increase}} {{INRConvert|4622|c}} (2024)<ref name="FY"/>
| net_income = {{increase}} {{INRConvert|3274|c}} (2023)<ref name="FY"/>
| net_income = {{increase}} {{INRConvert|3496|c}} (2024)<ref name="FY"/>
| assets = {{increase}} {{INRConvert|27023|c}} (2023)<ref name="FY"/>
| assets = {{increase}} {{INRConvert|31550|c}} (2024)<ref name="FY"/>
| equity = {{increase}} {{INRConvert|11904|c}} (2023)<ref name="FY"/>
| equity = {{increase}} {{INRConvert|9393|c}} (2024)<ref name="FY"/>
| num_employees = 7,500 (2020)<ref name="FY"/>
| num_employees = 8,680 (2024)<ref name="FY"/>
| parent = [[Tata Group]]
| parent = [[Tata Group]]
| owner = {{plainlist|
| owners = {{plainlist|
*[[Tamil Nadu Industrial Development Corporation|TIDCO]] (27.88%)
*[[Tamil Nadu Industrial Development Corporation|TIDCO]] (27.88%)
*[[Tata Sons]] (25.02%)<ref>{{cite news |last1=Nair |first1=Remya |title=Tatas got panned for Tanishq ad. But this state govt is the largest shareholder in Titan |url=https://theprint.in/economy/tatas-got-panned-for-tanishq-ad-but-this-state-govt-is-the-largest-shareholder-in-titan/531324/ |access-date=7 December 2021 |work=ThePrint |date=27 October 2020 |archive-date=7 December 2021 |archive-url=https://web.archive.org/web/20211207193204/https://theprint.in/economy/tatas-got-panned-for-tanishq-ad-but-this-state-govt-is-the-largest-shareholder-in-titan/531324/ |url-status=live }}</ref>}}
*[[Tata Sons]] (25.02%)<ref>{{cite news |last1=Nair |first1=Remya |title=Tatas got panned for Tanishq ad. But this state govt is the largest shareholder in Titan |url=https://theprint.in/economy/tatas-got-panned-for-tanishq-ad-but-this-state-govt-is-the-largest-shareholder-in-titan/531324/ |access-date=7 December 2021 |work=ThePrint |date=27 October 2020 |archive-date=7 December 2021 |archive-url=https://web.archive.org/web/20211207193204/https://theprint.in/economy/tatas-got-panned-for-tanishq-ad-but-this-state-govt-is-the-largest-shareholder-in-titan/531324/ |url-status=live }}</ref>}}
| subsid = {{ Plainlist|
| subsid = {{ Plainlist|
*[[Tanishq]]
*[[Fastrack (fashion accessories)]]
*Titan Engineering and Automation Limited
*Titan Engineering and Automation Limited
*[[CaratLane]]
*[[CaratLane]]}}
*[[Favre-Leuba]]}}
| divisions =
| divisions =
| footnotes =
| footnotes =
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*Skinn by Titan
*Skinn by Titan
*Titan Eyeplus
*Titan Eyeplus
*Sonata
*Sonata<ref>{{cite web |url=https://www.sonatawatches.in/content/about-sonata |title=About Sonata |website=www.sonatawatches.in |access-date=9 July 2020 |archive-date=9 July 2020 |archive-url=https://web.archive.org/web/20200709130757/https://www.sonatawatches.in/content/about-sonata |url-status=live }}</ref>
*Favre-Leuba
*Taneira}}
*Taneira}}
| homepage = {{URL|titancompany.in}}
| homepage = {{URL|titancompany.in}}
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}}
}}


'''Titan Company Limited''' is an Indian company that mainly manufactures luxury fashion accessories such as [[jewellery]], [[watches]] and [[eyewear]]. Part of the [[Tata Group]] and started as a joint venture with the [[Tamil Nadu Industrial Development Corporation|TIDCO]], the company has its corporate headquarters in [[Electronic City]], [[Bangalore]],<ref>{{cite news|title=When an office becomes a people's home|work=Livemint|url=https://www.livemint.com/Leisure/9I4MxLkSQeK9myy0YsBxhM/When-an-office-becomes-a-peoples-home.html|access-date=17 April 2020|archive-url=https://web.archive.org/web/20201108111655/https://www.livemint.com/Leisure/9I4MxLkSQeK9myy0YsBxhM/When-an-office-becomes-a-peoples-home.html|archive-date=8 November 2020}}</ref> and registered office in [[Hosur]], [[Tamil Nadu]].<ref>{{cite news|title=A Titan of Bengaluru|language=en|work=The Times of India|url=https://timesofindia.indiatimes.com/city/bengaluru/a-titan-of-bengaluru/articleshow/59641915.cms|access-date=7 December 2021|archive-date=7 December 2021|archive-url=https://web.archive.org/web/20211207191948/https://timesofindia.indiatimes.com/city/bengaluru/a-titan-of-bengaluru/articleshow/59641915.cms|url-status=live}}</ref>
'''Titan Company Limited''' is an Indian company that mainly manufactures fashion accessories such as [[jewellery]], [[watches]] and [[eyewear]]. Part of the [[Tata Group]] and started as a joint venture with [[Tamil Nadu Industrial Development Corporation|TIDCO]], the company has its corporate headquarters in [[Electronic City]], [[Bangalore]],<ref>{{cite news|title=When an office becomes a people's home|work=Livemint|url=https://www.livemint.com/Leisure/9I4MxLkSQeK9myy0YsBxhM/When-an-office-becomes-a-peoples-home.html|access-date=17 April 2020|archive-url=https://web.archive.org/web/20201108111655/https://www.livemint.com/Leisure/9I4MxLkSQeK9myy0YsBxhM/When-an-office-becomes-a-peoples-home.html|archive-date=8 November 2020}}</ref> and registered office in [[Hosur]], [[Tamil Nadu]].<ref>{{cite news|title=A Titan of Bengaluru|language=en|work=The Times of India|url=https://timesofindia.indiatimes.com/city/bengaluru/a-titan-of-bengaluru/articleshow/59641915.cms|access-date=7 December 2021|archive-date=7 December 2021|archive-url=https://web.archive.org/web/20211207191948/https://timesofindia.indiatimes.com/city/bengaluru/a-titan-of-bengaluru/articleshow/59641915.cms|url-status=live}}</ref>


Titan company commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery with [[Tanishq]] and subsequently into eyewear with Titan Eyeplus. In 2005, it launched its youth fashion accessories brand [[Fastrack (fashion accessories)|Fastrack]].<ref>{{cite news|date=27 May 2008|title=On the Fastrack|work=The Financial Express|url=https://www.financialexpress.com/archive/on-the-fastrack/314998/|access-date=17 February 2021|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012021/https://www.financialexpress.com/archive/on-the-fastrack/314998/|url-status=live}}</ref> The company is the largest branded jewellery maker in India, with more than 80% of its total revenues coming from the jewellery segment.<ref>{{cite news|title=Titan Expects Jewellery Business To Perform Better During October–March|language=en|work=BloombergQuint|url=https://www.bloombergquint.com/business/titan-expects-jewellery-business-to-perform-better-during-october-march|access-date=17 February 2021|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012022/https://www.bloombergquint.com/business/titan-expects-jewellery-business-to-perform-better-during-october-march|url-status=live}}</ref> As of 2022, Titan has a 6% market share in India's jewellery market.<ref name=":0">{{Cite web |date=2022-05-13 |title=Titan aims to grow 2.5 times in jewellery business in next 5 years |url=https://www.businesstoday.in/latest/corporate/story/titan-aims-to-grow-25-times-in-jewellery-business-in-next-5-years-333557-2022-05-13 |access-date=2022-06-29 |website=Business Today |language=en |archive-date=16 June 2022 |archive-url=https://web.archive.org/web/20220616132348/https://www.businesstoday.in/latest/corporate/story/titan-aims-to-grow-25-times-in-jewellery-business-in-next-5-years-333557-2022-05-13 |url-status=live }}</ref> As of 2019, it is also the fifth-largest watch manufacturer in the world.<ref>{{cite news|last1=Sinha|first1=Ashish|title=Titan: Titanic Success|language=en|work=BW Businessworld|url=http://www.businessworld.in/article/Titan-Titanic-Success/05-04-2019-168873/|access-date=17 February 2021|archive-date=8 May 2021|archive-url=https://web.archive.org/web/20210508160025/https://www.businessworld.in/article/Titan-Titanic-Success/05-04-2019-168873/|url-status=live}}</ref>
Titan Company commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery with [[Tanishq]] and subsequently into eyewear with Titan Eyeplus. In 2005, it launched its youth fashion accessories brand [[Fastrack (fashion accessories)|Fastrack]].<ref>{{cite news|date=27 May 2008|title=On the Fastrack|work=The Financial Express|url=https://www.financialexpress.com/archive/on-the-fastrack/314998/|access-date=17 February 2021|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012021/https://www.financialexpress.com/archive/on-the-fastrack/314998/|url-status=live}}</ref> Titan is the largest branded jewellery maker in India by value, with a 6% market share as of 2022.<ref name="bloom">{{cite news|title=Titan Expects Jewellery Business To Perform Better During October–March|language=en|work=BloombergQuint|url=https://www.bloombergquint.com/business/titan-expects-jewellery-business-to-perform-better-during-october-march|access-date=17 February 2021|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012022/https://www.bloombergquint.com/business/titan-expects-jewellery-business-to-perform-better-during-october-march|url-status=live}}</ref><ref name=":0">{{Cite web |date=2022-05-13 |title=Titan aims to grow 2.5 times in jewellery business in next 5 years |url=https://www.businesstoday.in/latest/corporate/story/titan-aims-to-grow-25-times-in-jewellery-business-in-next-5-years-333557-2022-05-13 |access-date=2022-06-29 |website=Business Today |language=en |archive-date=16 June 2022 |archive-url=https://web.archive.org/web/20220616132348/https://www.businesstoday.in/latest/corporate/story/titan-aims-to-grow-25-times-in-jewellery-business-in-next-5-years-333557-2022-05-13 |url-status=live }}</ref> More than 80% of its total revenue comes from the jewellery segment.<ref name="bloom"/> As of 2019, it is also the fifth-largest watch manufacturer in the world.<ref>{{cite news|last1=Sinha|first1=Ashish|title=Titan: Titanic Success|language=en|work=BW Businessworld|url=http://www.businessworld.in/article/Titan-Titanic-Success/05-04-2019-168873/|access-date=17 February 2021|archive-date=8 May 2021|archive-url=https://web.archive.org/web/20210508160025/https://www.businessworld.in/article/Titan-Titanic-Success/05-04-2019-168873/|url-status=live}}</ref>


==History==
==History==
===1984–1990===
===1984–1990===
Titan Company Limited was inaugurated on 26 July 1984 under the name Titan Watches Limited in [[Chennai]].<ref name="titan-history">{{Cite news|url=https://www.goodreturns.in/company/titan/history.html|title=Titan Company Ltd. Company History and Annual Growth Details|publisher=goodreturns.in|access-date=7 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007223246/https://www.goodreturns.in/company/titan/history.html|url-status=live}}</ref> A plant was set up to manufacture quartz analog electronic watches in the State Industries Promotion Corporation of [[Tamil Nadu]], Ltd. Industrial area at [[Hosur]]. In November 1986, Titan Company and [[Casio]] signed a [[Memorandum of understanding|MoU]] proposing to manufacture 2 million digital and analog-digital watches.<ref>{{Cite news|url=https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|title=Titan Company Ltd.|publisher=Economic Times|access-date=7 October 2018|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111814/https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|url-status=live}}</ref> In 1989, a satellite case plant was set up in [[Dehradun]], [[Uttarakhand]] at present with a manufacturing capacity of 500,000 watch cases annually.<ref name="titan-history" />
Titan Company Limited was inaugurated on 26 July 1984 under the name Titan Watches Limited in [[Chennai]].<ref name="titan-history">{{Cite news|url=https://www.goodreturns.in/company/titan/history.html|title=Titan Company Ltd. Company History and Annual Growth Details|publisher=goodreturns.in|access-date=7 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007223246/https://www.goodreturns.in/company/titan/history.html|url-status=live}}</ref> A plant was set up to manufacture quartz analogue electronic watches in the State Industries Promotion Corporation of [[Tamil Nadu]], Ltd. Industrial area at [[Hosur]]. In November 1986, Titan Company and [[Casio]] signed a [[Memorandum of understanding|MoU]] proposing to manufacture 2 million digital and analog-digital watches.<ref>{{Cite news|url=https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|title=Titan Company Ltd.|publisher=Economic Times|access-date=7 October 2018|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111814/https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|url-status=live}}</ref> In 1989, a satellite case plant was set up in [[Dehradun]], [[Uttarakhand]] at present with a manufacturing capacity of 500,000 watch cases annually.<ref name="titan-history" />


===1991–2000===
===1991–2000===
In September 1993, the company changed its name to Titan Industries Ltd. as it ventured into other range of products other than watches.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/titan-eyes-1520-growth-in-jewellery/article8576680.ece|title=Titan eyes growth in jewellery|date=9 May 2016|access-date=26 December 2016|archive-date=19 October 2021|archive-url=https://web.archive.org/web/20211019021257/https://www.thehindubusinessline.com/companies/titan-eyes-1520-growth-in-jewellery/article8576680.ece|url-status=live}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|title=Titan Company Ltd.|publisher=Economic Times|access-date=14 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007224553/https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|url-status=live}}</ref>
In September 1993, the company changed its name to Titan Industries Ltd. as it ventured into other range of products other than watches.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/titan-eyes-1520-growth-in-jewellery/article8576680.ece|title=Titan eyes growth in jewellery|date=9 May 2016|access-date=26 December 2016|archive-date=19 October 2021|archive-url=https://web.archive.org/web/20211019021257/https://www.thehindubusinessline.com/companies/titan-eyes-1520-growth-in-jewellery/article8576680.ece|url-status=live}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|title=Titan Company Ltd.|publisher=Economic Times|access-date=14 October 2018|archive-date=7 October 2018|archive-url=https://web.archive.org/web/20181007224553/https://economictimes.indiatimes.com/titan-company-ltd/infocompanyhistory/companyid-12903.cms|url-status=live}}</ref>


In 1994, Titan launched its jewellery brand Tanishq.<ref>{{cite web|url=http://bestmediainfo.com/2017/06/titan-consolidates-its-ooh-biz-with-milestone-brandcom-and-laqshya-media/|title=Titan consolidates its OOH biz with Milestone Brandcom and Laqshya Media|publisher=Best Media Info|date=14 June 2017|access-date=14 October 2018|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111850/https://www.bestmediainfo.com/|url-status=live}}</ref>
In 1994, Titan launched its jewellery brand [[Tanishq]].<ref>{{cite web|url=http://bestmediainfo.com/2017/06/titan-consolidates-its-ooh-biz-with-milestone-brandcom-and-laqshya-media/|title=Titan consolidates its OOH biz with Milestone Brandcom and Laqshya Media|publisher=Best Media Info|date=14 June 2017|access-date=14 October 2018|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111850/https://www.bestmediainfo.com/|url-status=live}}</ref>


In 1998, the company launched its watch & accessories brand, Fastrack, targeted at a younger audience in a bid to compete with Timex.<ref>{{cite web|url=http://www.rediff.com/money/2005/dec/01titan.htm|title=Titan's Fastrack on comeback trail|work=rediff.com|date=1 December 2005|access-date=14 October 2018|archive-date=11 October 2018|archive-url=https://web.archive.org/web/20181011170300/http://www.rediff.com/money/2005/dec/01titan.htm|url-status=live}}</ref>
In 1998, the company launched its watch and accessories brand, Fastrack, targeted at a younger audience in a bid to compete with [[Timex Group USA|Timex]].<ref>{{cite web|url=http://www.rediff.com/money/2005/dec/01titan.htm|title=Titan's Fastrack on comeback trail|work=rediff.com|date=1 December 2005|access-date=14 October 2018|archive-date=11 October 2018|archive-url=https://web.archive.org/web/20181011170300/http://www.rediff.com/money/2005/dec/01titan.htm|url-status=live}}</ref>


===2001–2010===
===2001–2010===
In 2001, Titan launched kids’ watches brand, Dash. The brand saw poor performance and was discontinued in 2003.<ref>{{Cite news|url=http://business.rediff.com/report/2010/jun/09/slide-show-1-titan-launches-watches-for-kids.htm|title=Titan launches watches kids|work=Rediff|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092118/http://business.rediff.com/report/2010/jun/09/slide-show-1-titan-launches-watches-for-kids.htm|url-status=live}}</ref> In 2004, the company entered into an agreement with [[LVMH|Moet Hennessy Louis Vuitton Group]], to service the latter's range of watches in India through its customer care centres.<ref>{{Cite web|url=https://www.thehindubusinessline.com/2004/11/25/stories/2004112502150400.htm|title=The Hindu Business Line : Titan in service pact with LVMH Group|website=www.thehindubusinessline.com|access-date=3 November 2018|archive-date=14 February 2009|archive-url=https://web.archive.org/web/20090214092730/http://thehindubusinessline.com/2004/11/25/stories/2004112502150400.htm|url-status=live}}</ref> In 2005, [[Fastrack (fashion accessories)|Fastrack]] was positioned as an independent accessory brand targeting the urban youth. With the objective to become a fashion brand, Fastrack launched [[sunglasses]] in the same year and launched bags, belts and wallets in 2009.<ref>{{Cite web|url=https://www.afaqs.com/news/story/42819_Fastrack-Bold-Statements|title=Fastrack: Bold Statements|website=www.afaqs.com|date=22 December 2014 |language=en|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103131302/https://www.afaqs.com/news/story/42819_Fastrack-Bold-Statements|url-status=live}}</ref>
In 2001, Titan launched the kids’ watch brand, Dash. The brand saw poor performance and was discontinued in 2003.<ref>{{Cite news|url=http://business.rediff.com/report/2010/jun/09/slide-show-1-titan-launches-watches-for-kids.htm|title=Titan launches watches kids|work=Rediff|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092118/http://business.rediff.com/report/2010/jun/09/slide-show-1-titan-launches-watches-for-kids.htm|url-status=live}}</ref> In 2004, the company agreed with [[LVMH|Moet Hennessy Louis Vuitton Group]], to service the latter's range of watches in India through its customer care centres.<ref>{{Cite web|url=https://www.thehindubusinessline.com/2004/11/25/stories/2004112502150400.htm|title=The Hindu Business Line : Titan in service pact with LVMH Group|website=www.thehindubusinessline.com|access-date=3 November 2018|archive-date=14 February 2009|archive-url=https://web.archive.org/web/20090214092730/http://thehindubusinessline.com/2004/11/25/stories/2004112502150400.htm|url-status=live}}</ref>


In 2005, [[Fastrack (fashion accessories)|Fastrack]] was positioned as an independent accessory brand targeting the urban youth. To become a fashion brand, Fastrack launched [[sunglasses]] in the same year and launched bags, belts and wallets in 2009.<ref>{{Cite web|url=https://www.afaqs.com/news/story/42819_Fastrack-Bold-Statements|title=Fastrack: Bold Statements|website=www.afaqs.com|date=22 December 2014 |language=en|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103131302/https://www.afaqs.com/news/story/42819_Fastrack-Bold-Statements|url-status=live}}</ref>
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===2011–present===
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{{Update|date=June 2023}}[[File:Tanishq jewellers, chaitanyapuri, Dilsukhnagar, Hyderabad.jpg|thumb|A Tanishq jewellery store in Hyderabad.]]
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Titan acquired Swiss watchmaker [[Favre-Leuba]] in 2011 to enter the [[European market]].<ref>{{Cite news|url=https://www.livemint.com/Industry/GMGi4WqkMyrhOfdz05zmRL/Titan-ties-up-with-Ethos-Watches-to-relaunch-FavreLeuba-wat.html|title=Favre-Leuba 3.0: cashing in emotionally|date=6 December 2016|work=Livemint|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092117/https://www.livemint.com/Industry/GMGi4WqkMyrhOfdz05zmRL/Titan-ties-up-with-Ethos-Watches-to-relaunch-FavreLeuba-wat.html|url-status=live}}</ref> In 2013, Titan entered the fragrances segment with the brand Skinn<ref>{{Cite news|url=http://www.business-standard.com/article/companies/titan-launches-skinn-fragrance-line-113091600764_1.html|title=Titan launches 'Skinn' fragrance line|last=Badrinath|first=Raghuvir|date=16 September 2013|work=Business Standard India|access-date=9 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312034159/http://www.business-standard.com/article/companies/titan-launches-skinn-fragrance-line-113091600764_1.html|url-status=live}}</ref> and later that year, it ventured into the helmets' category under its brand [[Fastrack (fashion accessories)|Fastrack]].<ref>{{Cite news|url=http://www.thehindu.com/business/Industry/titan-launches-helmets-under-fastrack-brand/article5418721.ece|title=Titan launches helmets under Fastrack brand|work=The Hindu|access-date=9 March 2017|language=en|archive-date=17 December 2013|archive-url=https://web.archive.org/web/20131217091201/http://www.thehindu.com/business/Industry/titan-launches-helmets-under-fastrack-brand/article5418721.ece|url-status=live}}</ref> In the same year, it changed its name to Titan Company Ltd.<ref>{{Cite news|url=https://www.business-standard.com/company/titan-company-1016/information/company-history|title=Titan Company Ltd.|work=Business Standard India|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092103/https://www.business-standard.com/company/titan-company-1016/information/company-history|url-status=live}}</ref> In 2014, it entered into a joint venture with [[Montblanc (company)|Montblanc]] to establish its retail stores in India.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/announcements/titan-company-enters-into-jvmontblanc-services-bv-netherlands-1114685.html|title=Titan Company enters into JV with Montblanc Services BV, Netherlands|website=Money Control|date=27 February 2014 |language=en-US|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092136/https://www.moneycontrol.com/news/business/announcements/titan-company-enters-into-jvmontblanc-services-bv-netherlands-1114685.html|url-status=live}}</ref>


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===2011–present===
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In 2016, Titan opened prescription lens manufacturing facilities in [[Noida]], [[Kolkata]], and [[Mumbai]] to improve its order processing time.<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/for-expansion-smaller-units-under-titan-eyeplus-lens/article8585077.ece|title=For expansion, smaller units under Titan Eyeplus lens|work=Hindu Business Line|access-date=3 November 2018|language=en|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012030/https://www.thehindubusinessline.com/companies/for-expansion-smaller-units-under-titan-eyeplus-lens/article8585077.ece|url-status=live}}</ref> In 2018, Titan merged its [[jewellery]] brand, Gold Plus targeted at customers in South India with [[Tanishq]] to establish the brand's presence in South.<ref>{{Cite news|url=https://www.business-standard.com/article/pti-stories/titan-to-merge-gold-plus-brand-with-tanishq-117011601132_1.html|title=Titan to merge 'Gold Plus' brand with Tanishq|date=16 January 2017|work=Business Standard India|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092038/https://www.business-standard.com/article/pti-stories/titan-to-merge-gold-plus-brand-with-tanishq-117011601132_1.html|url-status=live}}</ref>
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[[File:Tanishq jewellers, chaitanyapuri, Dilsukhnagar, Hyderabad.jpg|thumb|A Tanishq jewellery store in Hyderabad.]]
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Titan acquired Swiss watchmaker [[Favre-Leuba]] in 2011 for €2 million to enter the [[European market]].<ref>{{Cite news|url=https://www.livemint.com/Industry/GMGi4WqkMyrhOfdz05zmRL/Titan-ties-up-with-Ethos-Watches-to-relaunch-FavreLeuba-wat.html|title=Favre-Leuba 3.0: cashing in emotionally|date=6 December 2016|work=Livemint|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092117/https://www.livemint.com/Industry/GMGi4WqkMyrhOfdz05zmRL/Titan-ties-up-with-Ethos-Watches-to-relaunch-FavreLeuba-wat.html|url-status=live}}</ref><ref name="subsidiaries"/> In 2013, Titan entered the fragrances segment with the brand Skinn<ref>{{Cite news|url=http://www.business-standard.com/article/companies/titan-launches-skinn-fragrance-line-113091600764_1.html|title=Titan launches 'Skinn' fragrance line|last=Badrinath|first=Raghuvir|date=16 September 2013|work=Business Standard India|access-date=9 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312034159/http://www.business-standard.com/article/companies/titan-launches-skinn-fragrance-line-113091600764_1.html|url-status=live}}</ref> and later that year, it ventured into the helmets' category under its brand [[Fastrack (fashion accessories)|Fastrack]].<ref>{{Cite news|url=http://www.thehindu.com/business/Industry/titan-launches-helmets-under-fastrack-brand/article5418721.ece|title=Titan launches helmets under Fastrack brand|work=The Hindu|access-date=9 March 2017|language=en|archive-date=17 December 2013|archive-url=https://web.archive.org/web/20131217091201/http://www.thehindu.com/business/Industry/titan-launches-helmets-under-fastrack-brand/article5418721.ece|url-status=live}}</ref> In the same year, it changed its name to Titan Company Ltd.<ref>{{Cite news|url=https://www.business-standard.com/company/titan-company-1016/information/company-history|title=Titan Company Ltd.|work=Business Standard India|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092103/https://www.business-standard.com/company/titan-company-1016/information/company-history|url-status=live}}</ref> In 2014, it entered into a joint venture with [[Montblanc (company)|Montblanc]] to establish its retail stores in India.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/announcements/titan-company-enters-into-jvmontblanc-services-bv-netherlands-1114685.html|title=Titan Company enters into JV with Montblanc Services BV, Netherlands|website=Money Control|date=27 February 2014 |language=en-US|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092136/https://www.moneycontrol.com/news/business/announcements/titan-company-enters-into-jvmontblanc-services-bv-netherlands-1114685.html|url-status=live}}</ref>


In 2016, Titan opened prescription lens manufacturing facilities in [[Noida]], [[Kolkata]], and [[Mumbai]] to improve its order processing time.<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/for-expansion-smaller-units-under-titan-eyeplus-lens/article8585077.ece|title=For expansion, smaller units under Titan Eyeplus lens|work=Hindu Business Line|access-date=3 November 2018|language=en|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012030/https://www.thehindubusinessline.com/companies/for-expansion-smaller-units-under-titan-eyeplus-lens/article8585077.ece|url-status=live}}</ref>
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[[Taneira]] is an [[ethnic wear]] brand from Titan that retails hand-woven [[Sari|sarees]] from different weaving clusters of India.<ref>{{Cite web|url=https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/titans-ethnic-wear-brand-taneira-to-open-50-outlets-in-5-years/67024696|title=Titan's ethnic wear brand Taneira to open 50 outlets in 5 years|website=ET Retail|language=en|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703154413/https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/titans-ethnic-wear-brand-taneira-to-open-50-outlets-in-5-years/67024696|url-status=live}}</ref>&nbsp; The brand was launched in 2016.&nbsp; The first retail store was opened in [[Bangalore|Bengaluru]] in 2017 with more stores followed in [[New Delhi]] and [[Hyderabad]].<ref>{{Cite news|url=https://www.thehindu.com/business/titan-plans-to-spread-taneira-saree-store-network/article27051434.ece|title=Titan plans to spread Taneira saree store network|date=6 May 2019|work=The Hindu|access-date=3 July 2019|language=en-IN|archive-date=7 November 2020|archive-url=https://web.archive.org/web/20201107234322/https://www.thehindu.com/business/titan-plans-to-spread-taneira-saree-store-network/article27051434.ece|url-status=live}}</ref>


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In 2016, Titan entered the wearable devices market by introducing its [[smartwatch]], Juxt, made through a collaboration with [[Hewlett-Packard]].<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/electronics/titan-launches-smartwatch-juxt-with-hp-inc/articleshow/50658613.cms|title=Titan launches smartwatch JUXT with HP Inc|date=20 January 2016|work=The Economic Times|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155102/https://economictimes.indiatimes.com/industry/cons-products/electronics/titan-launches-smartwatch-juxt-with-hp-inc/articleshow/50658613.cms|url-status=live}}</ref> In 2017, the company launched a [[Activity tracker|fitness tracker]], named Gesture Band under its youth accessories brand, Fastrack.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/fastrack-eyes-the-no-2-position-in-the-smart-wearables-category-in-india/article25625299.ece|title=Fastrack eyes the No. 2 position in the smart wearables category in India|website=Hindu Business Line|date=29 November 2018 |language=en|access-date=3 July 2019|archive-date=10 September 2020|archive-url=https://web.archive.org/web/20200910194712/https://www.thehindubusinessline.com/companies/fastrack-eyes-the-no-2-position-in-the-smart-wearables-category-in-india/article25625299.ece|url-status=live}}</ref> In the same year, it invested $3 million in a [[Singapore]] based wearable tech company, CoveIoT.<ref>{{Cite web|url=https://www.medianama.com/2017/11/223-177455/|title=Titan invests in wearable tech startup CoveIoT: Report|date=7 November 2017|website=MediaNama|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155104/https://www.medianama.com/2017/11/223-177455/|url-status=live}}</ref> In 2018, the company added new fitness tracker bands. The company had a 7.4% market share in the wearable devices market as of 2018.<ref>{{Cite web|url=https://www.cnbctv18.com/retail/exclusive-titan-to-expand-into-smart-watches-and-fitness-wearables-says-md-bhaskar-bhat6-32961.htm|title=Exclusive: Titan to expand into smart watches and fitness wearables, says MD Bhaskar Bhat|website=cnbctv18.com|date=12 April 2018 |language=en-US|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155102/https://www.cnbctv18.com/retail/exclusive-titan-to-expand-into-smart-watches-and-fitness-wearables-says-md-bhaskar-bhat6-32961.htm|url-status=live}}</ref>
Also, Titan announced recently (during the last quarter of 2016) about launching a series of affordable smartwatches under its brands like Sonata and Fastrack soon.<ref>{{Cite web|url=http://www.moneycontrol.com/news/business/titan-soon-coming-upaffordable-smartwatches_8043241.html|title=Titan soon coming up with affordable smartwatches|website=www.moneycontrol.com|date=30 November 2016 |access-date=9 March 2017|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111816/https://www.moneycontrol.com/news/|url-status=live}}</ref>


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In 2018, Titan merged its [[jewellery]] brand, Gold Plus targeted at customers in South India with [[Tanishq]] to establish the brand's presence in South.<ref>{{Cite news|url=https://www.business-standard.com/article/pti-stories/titan-to-merge-gold-plus-brand-with-tanishq-117011601132_1.html|title=Titan to merge 'Gold Plus' brand with Tanishq|date=16 January 2017|work=Business Standard India|access-date=3 November 2018|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103092038/https://www.business-standard.com/article/pti-stories/titan-to-merge-gold-plus-brand-with-tanishq-117011601132_1.html|url-status=live}}</ref>
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In 2016, Titan entered the wearable devices market by introducing its [[smartwatch]], Juxt, made through a collaboration with [[Hewlett-Packard|Hewlett Packard]].<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/electronics/titan-launches-smartwatch-juxt-with-hp-inc/articleshow/50658613.cms|title=Titan launches smartwatch JUXT with HP Inc|date=20 January 2016|work=The Economic Times|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155102/https://economictimes.indiatimes.com/industry/cons-products/electronics/titan-launches-smartwatch-juxt-with-hp-inc/articleshow/50658613.cms|url-status=live}}</ref> In 2017, the company launched a [[Activity tracker|fitness tracker]], named Gesture Band under its youth accessories brand, Fastrack.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/fastrack-eyes-the-no-2-position-in-the-smart-wearables-category-in-india/article25625299.ece|title=Fastrack eyes the No. 2 position in the smart wearables category in India|website=Hindu Business Line|date=29 November 2018 |language=en|access-date=3 July 2019|archive-date=10 September 2020|archive-url=https://web.archive.org/web/20200910194712/https://www.thehindubusinessline.com/companies/fastrack-eyes-the-no-2-position-in-the-smart-wearables-category-in-india/article25625299.ece|url-status=live}}</ref> In the same year, it invested $3 million in a [[Singapore]] based wearable tech company, CoveIoT.<ref>{{Cite web|url=https://www.medianama.com/2017/11/223-177455/|title=Titan invests in wearable tech startup CoveIoT: Report|date=7 November 2017|website=MediaNama|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155104/https://www.medianama.com/2017/11/223-177455/|url-status=live}}</ref> In 2018, the company added new fitness tracker bands. The company had a 7.4% market share in the wearable devices market as of 2018.<ref>{{Cite web|url=https://www.cnbctv18.com/retail/exclusive-titan-to-expand-into-smart-watches-and-fitness-wearables-says-md-bhaskar-bhat6-32961.htm|title=Exclusive: Titan to expand into smart watches and fitness wearables, says MD Bhaskar Bhat|website=cnbctv18.com|date=12 April 2018 |language=en-US|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155102/https://www.cnbctv18.com/retail/exclusive-titan-to-expand-into-smart-watches-and-fitness-wearables-says-md-bhaskar-bhat6-32961.htm|url-status=live}}</ref>


In November 2020, Titan opened its first overseas Tanishq store in [[Dubai]] as well as an exclusive website for Dubai showcasing its collections.<ref>{{cite news |last= |first= |date=3 November 2020|title=Titan Company launches first overseas Tanishq store in Dubai|url=https://www.livemint.com/companies/news/titan-company-launches-first-overseas-tanishq-store-in-dubai-11604404723423.html|newspaper=Live Mint}}</ref>
In November 2020, Titan opened its first overseas Tanishq store in [[Dubai]] as well as an exclusive website for Dubai showcasing its collections.<ref>{{cite news |last= |first= |date=3 November 2020|title=Titan Company launches first overseas Tanishq store in Dubai|url=https://www.livemint.com/companies/news/titan-company-launches-first-overseas-tanishq-store-in-dubai-11604404723423.html|newspaper=Live Mint}}</ref>

In 2023, Titan sold its subsidiary Favre Leuba to Ethos.<ref>{{Cite web |last=Bench |first=Bar & |date=2023-05-29 |title=Anand and Anand acts for Ethos in its global acquisition of Favre Leuba |url=https://www.barandbench.com/law-firms/dealstreet/anand-and-anand-act-for-ethos-in-its-global-acquisition-of-favre-leuba |access-date=2023-08-20 |website=Bar and Bench - Indian Legal news |language=en}}</ref><ref>{{cite news |last1=Menon |first1=Murali K |title=Will Favre Leuba soar again? |url=https://www.hindustantimes.com/lifestyle/fashion/will-favre-leuba-soar-again-101715589959187.html |access-date=21 June 2024 |work=Hindustan Times |date=13 May 2024}}</ref> In December 2023, Titan acquired a 10% stake in American healthtech company CueZen for $3.5 million.<ref>{{Cite web |date=2023-12-15 |title=Titan Company to acquire 10% stake in US-based CueZen for $3.5 million |url=https://www.financialexpress.com/business/industry-titan-company-to-acquire-10-stake-in-us-based-cuezen-for-3-5-million-3339448/ |access-date=2023-12-15 |website=Financialexpress |language=en}}</ref>


==Products==
==Products==
===Watches===
===Watches===
[[File:Titan Octane Series Watch.jpg|thumb|A Titan Octane series watch.]]
[[File:Titan Octane Series Watch.jpg|thumb|A Titan Octane series watch.]]
The watches division comprises brands [[Fastrack (fashion accessories)|Fastrack]], Sonata, Edge, Raga, Nebula, Octane, Xylys and Zoop. In 2011, the company secured a licence for marketing and distribution of [[Tommy Hilfiger (company)|Tommy Hilfiger]] and [[Hugo Boss]] watches.<ref>{{Cite web|url=https://www.ndtv.com/business/stock/titan-company-ltd_titan/reports|title=Titan Co: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Titan Co|website=www.ndtv.com|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206053217/https://www.ndtv.com/business/stock/titan-company-ltd_titan/reports|url-status=live}}</ref> [[Favre Leuba]] was incorporated in 2012. In 2018, the division accounted for ₹2,126 crore in revenue which was 10% of the total of the company.<ref>{{Cite web|url=https://www.livemint.com/Companies/xB5qoYMcxOcie785R4rvoN/Titan-witnesses-good-growth-in--watches-in-FY18.html|title=Titan witnesses good growth in, watches in FY18|date=7 April 2018|website=www.livemint.com|language=en|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206001845/https://www.livemint.com/Companies/xB5qoYMcxOcie785R4rvoN/Titan-witnesses-good-growth-in--watches-in-FY18.html|url-status=live}}</ref>
The watches division comprises brands [[Fastrack (fashion accessories)|Fastrack]], Sonata, Edge, Raga, Nebula, Octane, Xylys and Zoop. In 2011, the company secured a licence for the marketing and distribution of [[Tommy Hilfiger (company)|Tommy Hilfiger]] and [[Hugo Boss]] watches.<ref>{{Cite web|url=https://www.ndtv.com/business/stock/titan-company-ltd_titan/reports|title=Titan Co: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Titan Co|website=www.ndtv.com|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206053217/https://www.ndtv.com/business/stock/titan-company-ltd_titan/reports|url-status=live}}</ref><ref>{{Cite web|url=https://www.livemint.com/Companies/xB5qoYMcxOcie785R4rvoN/Titan-witnesses-good-growth-in--watches-in-FY18.html|title=Titan witnesses good growth in, watches in FY18|date=7 April 2018|website=www.livemint.com|language=en|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206001845/https://www.livemint.com/Companies/xB5qoYMcxOcie785R4rvoN/Titan-witnesses-good-growth-in--watches-in-FY18.html|url-status=live}}</ref> In 2016, Titan obtained the license to retail [[Kenneth Cole Productions|Kenneth Cole]] watches in India.<ref>{{Cite web|url=http://www.moneycontrol.com/news/business/titan-soon-coming-upaffordable-smartwatches_8043241.html|title=Titan soon coming up with affordable smartwatches|website=www.moneycontrol.com|date=30 November 2016 |access-date=9 March 2017|archive-date=6 July 2022|archive-url=https://web.archive.org/web/20220706111816/https://www.moneycontrol.com/news/|url-status=live}}</ref>


=== Eyewear ===
=== Eyewear ===
In 2007, Titan Industries forayed into the fashion accessories industry with the launch of [[sunglasses]]. It introduced Titan Eye Plus that makes frames, contact lenses, prescription [[eyewear]], and sunglasses.<ref>{{Cite web|url=http://www.retail4growth.com/viewpoints/titan-eye-sees-huge-potential-in-indian-eyewear-market-132|title=Titan Eye+ sees huge potential in Indian eyewear market|website=www.retail4growth.com|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206102256/http://www.retail4growth.com/viewpoints/titan-eye-sees-huge-potential-in-indian-eyewear-market-132|url-status=live}}</ref> The division accounted for ₹415 crore in FY 2016-17 maintaining a stable growth of 8%.
In 2007, Titan Industries forayed into the fashion accessories industry with the launch of [[sunglasses]]. It introduced Titan Eye Plus which makes frames, contact lenses, prescription [[eyewear]], and sunglasses.<ref>{{Cite web|url=http://www.retail4growth.com/viewpoints/titan-eye-sees-huge-potential-in-indian-eyewear-market-132|title=Titan Eye+ sees huge potential in Indian eyewear market|website=www.retail4growth.com|access-date=5 December 2018|archive-date=6 December 2018|archive-url=https://web.archive.org/web/20181206102256/http://www.retail4growth.com/viewpoints/titan-eye-sees-huge-potential-in-indian-eyewear-market-132|url-status=live}}</ref>


=== Jewellery ===
=== Jewellery ===
Xerxes Desai started the brand [[Tanishq]] in 1995. Zoya was launched in the luxury segment, while Mia, a sub-brand was under Tanishq for work-wear jewellery. Titan's total revenue grew 20.44% in 2017-18 to ₹15,656 crore, of which jewellery sales fetched ₹13,036 crore.<ref>{{Cite web|url=https://www.livemint.com/Companies/marKIDtiEtaQfhbIaQ5ihJ/Titan-targets40000-crore-from-jewellery-business-by-FY23.html|title=Titan targets₹40,000 crore from jewellery business by FY23|date=22 July 2018|website=www.livemint.com|language=en|access-date=5 December 2018|archive-date=8 September 2018|archive-url=https://web.archive.org/web/20180908133932/https://www.livemint.com/Companies/marKIDtiEtaQfhbIaQ5ihJ/Titan-targets40000-crore-from-jewellery-business-by-FY23.html|url-status=live}}</ref> In 2016, Titan invested in [[CaratLane]]. As of 2022, Titan has a 6% market share in India's jewellery market.<ref name=":0" />
Xerxes Desai started the brand [[Tanishq]] in 1995. Zoya was launched in the luxury segment, while Mia, a sub-brand was under Tanishq for work-wear jewellery.<ref>{{Cite web|url=https://www.livemint.com/Companies/marKIDtiEtaQfhbIaQ5ihJ/Titan-targets40000-crore-from-jewellery-business-by-FY23.html|title=Titan targets₹40,000 crore from jewellery business by FY23|date=22 July 2018|website=www.livemint.com|language=en|access-date=5 December 2018|archive-date=8 September 2018|archive-url=https://web.archive.org/web/20180908133932/https://www.livemint.com/Companies/marKIDtiEtaQfhbIaQ5ihJ/Titan-targets40000-crore-from-jewellery-business-by-FY23.html|url-status=live}}</ref> In 2016, Titan invested in [[CaratLane]]. As of 2022, Titan has a 6% market share in India's jewellery market.<ref name=":0" />


=== Perfume ===
=== Perfume ===
In 2013, Titan launched six variants of perfume in the Indian perfume market under the brand name ‘Skinn’. They collaborated with world-renowned perfumers including [[Alberto Morillas]] and Olivier Pescheux.<ref>{{Cite web|url=https://www.gqindia.com/content/titan-launches-skinn-new-range-perfumes/|title=Titan launches SKINN, a new range of perfumes|date=20 September 2013|website=GQ India|language=en-US|access-date=5 December 2018|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328070118/https://www.gqindia.com/content/titan-launches-skinn-new-range-perfumes/|url-status=live}}</ref>
In 2013, Titan launched six variants of perfume under the brand name ‘Skinn’. They collaborated with global perfumers including [[Alberto Morillas]] and Olivier Pescheux.<ref>{{Cite web|url=https://www.gqindia.com/content/titan-launches-skinn-new-range-perfumes/|title=Titan launches SKINN, a new range of perfumes|date=20 September 2013|website=GQ India|language=en-US|access-date=5 December 2018|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328070118/https://www.gqindia.com/content/titan-launches-skinn-new-range-perfumes/|url-status=live}}</ref>

=== Sarees ===
⚫
Taneira is an [[ethnic wear]] brand from Titan that retails hand-woven [[Sari|sarees]] from different weaving clusters of India.<ref>{{Cite web|url=https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/titans-ethnic-wear-brand-taneira-to-open-50-outlets-in-5-years/67024696|title=Titan's ethnic wear brand Taneira to open 50 outlets in 5 years|website=ET Retail|language=en|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703154413/https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/titans-ethnic-wear-brand-taneira-to-open-50-outlets-in-5-years/67024696|url-status=live}}</ref>&nbsp; The brand was launched in 2016.&nbsp; The first retail store was opened in [[Bangalore]] in 2017 with more stores followed in [[New Delhi]] and [[Hyderabad]].<ref>{{Cite news|url=https://www.thehindu.com/business/titan-plans-to-spread-taneira-saree-store-network/article27051434.ece|title=Titan plans to spread Taneira saree store network|date=6 May 2019|work=The Hindu|access-date=3 July 2019|language=en-IN|archive-date=7 November 2020|archive-url=https://web.archive.org/web/20201107234322/https://www.thehindu.com/business/titan-plans-to-spread-taneira-saree-store-network/article27051434.ece|url-status=live}}</ref>


==Subsidiaries and affiliate companies==
==Subsidiaries and affiliate companies==


Titan Engineering & Automation Limited is a wholly owned subsidiary of Titan. It was formerly known as Titan-Precision Engineering Division. The company now deals in machine building, automation and component manufacturing.<ref name="subsidiaries">{{Cite web|url=https://www.titancompany.in/subsidiaries|title=Subsidiaries Titan Corporate|website=www.titancompany.in|access-date=20 February 2019|archive-date=21 February 2019|archive-url=https://web.archive.org/web/20190221000230/https://www.titancompany.in/subsidiaries|url-status=live}}</ref>
Titan Engineering & Automation Limited is a wholly owned subsidiary of Titan. It was formerly known as Titan-Precision Engineering Division. The company now deals in machine building, automation and component manufacturing.<ref name="subsidiaries">{{Cite web|url=https://www.titancompany.in/subsidiaries|title=Subsidiaries Titan Corporate|website=www.titancompany.in|access-date=20 February 2019|archive-date=21 February 2019|archive-url=https://web.archive.org/web/20190221000230/https://www.titancompany.in/subsidiaries|url-status=live}}</ref>

Swiss watchmaker, [[Favre Leuba]], was acquired in 2011 and incorporated as a subsidiary of Titan in 2012. The company was acquired for €2 million. Its headquarters in [[Solothurn]], Switzerland.<ref name="subsidiaries"/>

In 2023 Titan Sold Favre Leuba To Ethos Watches <ref>{{Cite web |last=Bench |first=Bar & |date=2023-05-29 |title=Anand and Anand acts for Ethos in its global acquisition of Favre Leuba |url=https://www.barandbench.com/law-firms/dealstreet/anand-and-anand-act-for-ethos-in-its-global-acquisition-of-favre-leuba |access-date=2023-08-20 |website=Bar and Bench - Indian Legal news |language=en}}</ref>


Titan acquired a 62% stake in [[CaratLane]] 2016 for $50 million.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/titan-to-acquire-62-per-cent-stake-in-carat-lane-for-rs-357-24-crore/articleshow/53214980.cms|title=Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore|date=14 July 2016|work=The Economic Times|access-date=20 February 2019|archive-date=21 February 2019|archive-url=https://web.archive.org/web/20190221000415/https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/titan-to-acquire-62-per-cent-stake-in-carat-lane-for-rs-357-24-crore/articleshow/53214980.cms|url-status=live}}</ref>
Titan acquired a 62% stake in [[CaratLane]] 2016 for $50 million.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/titan-to-acquire-62-per-cent-stake-in-carat-lane-for-rs-357-24-crore/articleshow/53214980.cms|title=Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore|date=14 July 2016|work=The Economic Times|access-date=20 February 2019|archive-date=21 February 2019|archive-url=https://web.archive.org/web/20190221000415/https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/titan-to-acquire-62-per-cent-stake-in-carat-lane-for-rs-357-24-crore/articleshow/53214980.cms|url-status=live}}</ref>


In 2023 ,Titan has acquired another 27.18% stake in CaratLane Trading from the jewellery brand’s founder and his family for Rs 4,621 crore in cash, following which its stake in the company will increase to 98.28%.<ref>{{Cite news |last=Mukul |first=Pranav |date=2023-08-19 |title=Titan picks up 27% more in CaratLane for Rs 4,621 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/titan-buys-remaining-27-stake-in-caratlane-for-rs-4600-crore/articleshow/102852413.cms?from=mdr |access-date=2023-08-20 |issn=0013-0389}}</ref>
In 2023, Titan acquired another 27.18% stake in CaratLane Trading from the jewellery brand’s founder and his family for Rs 4,621 crore in cash, following which its stake in the company will increase to 98.28%.<ref>{{Cite news |last=Mukul |first=Pranav |date=2023-08-19 |title=Titan picks up 27% more in CaratLane for Rs 4,621 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/titan-buys-remaining-27-stake-in-caratlane-for-rs-4600-crore/articleshow/102852413.cms?from=mdr |access-date=2023-08-20 |issn=0013-0389}}</ref>

Titan Watch Company Limited, [[Hong Kong]], is currently a 100% subsidiary of Favre Leuba AG, Switzerland.<ref name="subsidiaries"/>

⚫
In 2015, Titan entered a joint venture to sell products of Swiss luxury brand Montblanc through its retail outlets. Titan's equity share in Montblanc India Retail Private Limited is 49% and Montblanc Services B.V. holds 51%.<ref>{{Cite news|url=https://www.thehindu.com/business/Industry/titan-appoints-directors-for-new-jv-with-maison-montblanc/article7958442.ece|title=Titan appoints directors for new JV with Maison Montblanc|date=7 December 2015|work=The Hindu|access-date=20 February 2019|language=en-IN|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012031/https://www.thehindu.com/business/Industry/titan-appoints-directors-for-new-jv-with-maison-montblanc/article7958442.ece|url-status=live}}</ref>


⚫
In 2015, Titan entered a joint venture to sell products of the Swiss luxury brand [[Montblanc (company)|Montblanc]] through its retail outlets. Titan's equity share in Montblanc India Retail Private Limited is 49% and Montblanc Services B.V. holds 51%.<ref>{{Cite news|url=https://www.thehindu.com/business/Industry/titan-appoints-directors-for-new-jv-with-maison-montblanc/article7958442.ece|title=Titan appoints directors for new JV with Maison Montblanc|date=7 December 2015|work=The Hindu|access-date=20 February 2019|language=en-IN|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011012031/https://www.thehindu.com/business/Industry/titan-appoints-directors-for-new-jv-with-maison-montblanc/article7958442.ece|url-status=live}}</ref>
== Board of directors/senior management==
{| class="wikitable"
!Position
!Personnel<ref>{{Cite web|url=http://www.thehindubusinessline.com/companies/data/Titan-Industries-Limited/board-of-directors/61311/|title=Company news, Company Analysis, Company Announcement, Company Disclosure|website=The Hindu Business Line|language=en|access-date=9 March 2017}}</ref>
|-
|Chairman
|Mr N Muruganandam
|-
|Managing director
|CK Venkataraman
|-
|Vice Chairman
|N N Tata
|-
|Independent director
|Mrs. Hema Ravichandar
|-
|Independent director
|Mrs. Ireena Vittal
|-
|Independent director
|Mr. Ashwani Puri
|-
|Independent director
|Mr. B. Santhanam
|-
|Independent director
|Mr. Pradyumna Vyas
|-
|Independent director
|Dr. Mohanasankar Sivaprakasam
|-
|Director
|Bhaskar Bhat
|-
|Director
|Mr. Arun Roy
|-
|Director
|Ms. Kakarla Usha
|-
|Company secretary
|Dinesh Shetty
|}


==Awards and recognition==
==Awards and recognition==
{{Cleanup list|section|date=June 2024}}
Titan Company is awarded in many national and international forums for various activities and categories.
Titan Company is awarded in many national and international forums for various activities and categories.


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* Selected as Best Employer for [[National Award for the Empowerment of Persons with Disabilities]] 2014 by the government of India<ref>{{Cite web |url=http://www.disabilityaffairs.gov.in/upload/uploadfiles/files/ListofAwardees2014.pdf |title=National Award for the Empowerment of Persons with Disabilities - 2014 |access-date=6 July 2022 |archive-date=21 October 2021 |archive-url=https://web.archive.org/web/20211021092158/http://www.disabilityaffairs.gov.in/upload/uploadfiles/files/ListofAwardees2014.pdf |url-status=live }}</ref>
* Selected as Best Employer for [[National Award for the Empowerment of Persons with Disabilities]] 2014 by the government of India<ref>{{Cite web |url=http://www.disabilityaffairs.gov.in/upload/uploadfiles/files/ListofAwardees2014.pdf |title=National Award for the Empowerment of Persons with Disabilities - 2014 |access-date=6 July 2022 |archive-date=21 October 2021 |archive-url=https://web.archive.org/web/20211021092158/http://www.disabilityaffairs.gov.in/upload/uploadfiles/files/ListofAwardees2014.pdf |url-status=live }}</ref>
* Titan ranked among the 100 most sustainable corporations in Asia in the Channel News Asia Sustainability Ranking 2014<ref>{{Cite web|url=http://sustainability-ranking.channelnewsasia.com/top100.html|title=Channel NewsAsia Sustainability Ranking|last=Ranking|first=Channel NewsAsia Sustainability|website=sustainability-ranking.channelnewsasia.com|language=en|access-date=9 March 2017|archive-date=20 January 2017|archive-url=https://web.archive.org/web/20170120185354/http://sustainability-ranking.channelnewsasia.com/top100.html|url-status=live}}</ref>
* Titan ranked among the 100 most sustainable corporations in Asia in the Channel News Asia Sustainability Ranking 2014<ref>{{Cite web|url=http://sustainability-ranking.channelnewsasia.com/top100.html|title=Channel NewsAsia Sustainability Ranking|last=Ranking|first=Channel NewsAsia Sustainability|website=sustainability-ranking.channelnewsasia.com|language=en|access-date=9 March 2017|archive-date=20 January 2017|archive-url=https://web.archive.org/web/20170120185354/http://sustainability-ranking.channelnewsasia.com/top100.html|url-status=live}}</ref>
* Top Indian Company award under the Gems and Jewellery Sector at the Dun & Bradstreet Corporate awards, 2014<ref>{{Cite web|url=https://www.dnb.co.in/News_Press.asp?mid=345|title=Untitled Document|website=www.dnb.co.in|access-date=9 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312040936/https://www.dnb.co.in/News_Press.asp?mid=345|url-status=live}}</ref>
* Top Indian Company award under the Gems and Jewellery Sector at the Dun & Bradstreet Corporate Awards, 2014<ref>{{Cite web|url=https://www.dnb.co.in/News_Press.asp?mid=345|title=Untitled Document|website=www.dnb.co.in|access-date=9 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312040936/https://www.dnb.co.in/News_Press.asp?mid=345|url-status=live}}</ref>
* "Hall of Fame" award at 12th Franchisee Awards 2014 by Franchisee India<ref>{{Cite web|url=http://www.expo.franchiseindia.com/2014/award-winners2014.php|title=Franchise India 2014, Franchise Exhibition, Franchise & Retail Show|website=www.expo.franchiseindia.com|access-date=9 March 2017|archive-date=24 August 2017|archive-url=https://web.archive.org/web/20170824150222/http://www.expo.franchiseindia.com/2014/award-winners2014.php|url-status=live}}</ref>
* "Hall of Fame" award at 12th Franchisee Awards 2014 by Franchisee India<ref>{{Cite web|url=http://www.expo.franchiseindia.com/2014/award-winners2014.php|title=Franchise India 2014, Franchise Exhibition, Franchise & Retail Show|website=www.expo.franchiseindia.com|access-date=9 March 2017|archive-date=24 August 2017|archive-url=https://web.archive.org/web/20170824150222/http://www.expo.franchiseindia.com/2014/award-winners2014.php|url-status=live}}</ref>
;Watches
;Watches
* Award at the CII 24th Kaizen national awards for assembly casing team<ref>{{Cite web |url=http://www.cii-iq.in/pdf/annual_report2015.pdf |title=Award at the CII 24th Kaizen national awards |access-date=10 March 2017 |archive-date=12 March 2017 |archive-url=https://web.archive.org/web/20170312064821/http://www.cii-iq.in/pdf/annual_report2015.pdf |url-status=live }}</ref>
* Award at the CII 24th Kaizen national awards for assembly casing team<ref>{{Cite web |url=http://www.cii-iq.in/pdf/annual_report2015.pdf |title=Award at the CII 24th Kaizen national awards |access-date=10 March 2017 |archive-date=12 March 2017 |archive-url=https://web.archive.org/web/20170312064821/http://www.cii-iq.in/pdf/annual_report2015.pdf |url-status=live }}</ref>
* Good Design Award 2014 by design Council of Japan for Skeletal Edge<ref>{{Cite web |url=http://indiadesigncouncil.org/pdf/IMarkCatalogue2012_13_14.pdf |title="Good Design Award 2014" by design Council of Japan for Skeletal Edge |access-date=10 March 2017 |archive-date=12 March 2017 |archive-url=https://web.archive.org/web/20170312044104/http://indiadesigncouncil.org/pdf/IMarkCatalogue2012_13_14.pdf |url-status=live }}</ref>
* Good Design Award 2014 by design Council of Japan for Skeletal Edge<ref>{{Cite web |url=http://indiadesigncouncil.org/pdf/IMarkCatalogue2012_13_14.pdf |title="Good Design Award 2014" by design Council of Japan for Skeletal Edge |access-date=10 March 2017 |archive-date=12 March 2017 |archive-url=https://web.archive.org/web/20170312044104/http://indiadesigncouncil.org/pdf/IMarkCatalogue2012_13_14.pdf |url-status=live }}</ref>
* "Best Product design of the year-Watches & Jewellery" award by Red Dot for Skeletal Edge for 2014<ref>{{Cite web|url=http://watchmarketreview.com/type1/september-2013-new-products-titan-edge-an-edge-over-others-408-898.aspx|title=New Products : Titan Edge - An edge over others...|website=watchmarketreview.com|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312113256/http://watchmarketreview.com/type1/september-2013-new-products-titan-edge-an-edge-over-others-408-898.aspx|url-status=live}}</ref>
* "Best Product Design of the year-Watches & Jewellery" award by Red Dot for Skeletal Edge for 2014<ref>{{Cite web|url=http://watchmarketreview.com/type1/september-2013-new-products-titan-edge-an-edge-over-others-408-898.aspx|title=New Products : Titan Edge - An edge over others...|website=watchmarketreview.com|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312113256/http://watchmarketreview.com/type1/september-2013-new-products-titan-edge-an-edge-over-others-408-898.aspx|url-status=live}}</ref>
* Bronze medal at the Indian Effies Award for Fastrack<ref>{{Cite web|url=http://www.bestmediainfo.com/2012/04/goafest-2012-creative-abbys-ogilvy-leads-overall-tally-followed-by-taproot/|title=Goafest 2012 Creative Abby's: Ogilvy leads overall tally followed by Taproot {{!}} Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry.|website=www.bestmediainfo.com|language=en-US|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312051136/http://www.bestmediainfo.com/2012/04/goafest-2012-creative-abbys-ogilvy-leads-overall-tally-followed-by-taproot/|url-status=live}}</ref>
* Bronze medal at the Indian Effies Award for Fastrack<ref>{{Cite web|url=http://www.bestmediainfo.com/2012/04/goafest-2012-creative-abbys-ogilvy-leads-overall-tally-followed-by-taproot/|title=Goafest 2012 Creative Abby's: Ogilvy leads overall tally followed by Taproot {{!}} Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry.|website=www.bestmediainfo.com|language=en-US|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312051136/http://www.bestmediainfo.com/2012/04/goafest-2012-creative-abbys-ogilvy-leads-overall-tally-followed-by-taproot/|url-status=live}}</ref>
;Jewellery
;Jewellery
* "Most Admired retailer of the year" award in Jewellery Category by Images Retail Awards<ref>{{Cite news|url=http://www.indiaretailforum.in/ira/awardees/|title=IRA 2015 Awardees|date=21 September 2015|work=India Retail Forum 2017|access-date=10 March 2017|language=en-US|archive-date=26 March 2017|archive-url=https://web.archive.org/web/20170326184643/http://www.indiaretailforum.in/ira/awardees/|url-status=live}}</ref>
* "Most Admired Retailer of the year" award in Jewellery Category by Images Retail Awards<ref>{{Cite news|url=http://www.indiaretailforum.in/ira/awardees/|title=IRA 2015 Awardees|date=21 September 2015|work=India Retail Forum 2017|access-date=10 March 2017|language=en-US|archive-date=26 March 2017|archive-url=https://web.archive.org/web/20170326184643/http://www.indiaretailforum.in/ira/awardees/|url-status=live}}</ref>
* Tanishq wins Global Awards for Excellence in Quality Management & Leadership by World Quality Congress<ref>{{Cite web|url=http://www.worldqualitycongress.org/award_winners.html|title=World Quality Congress & Awards|website=www.worldqualitycongress.org|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312045440/http://www.worldqualitycongress.org/award_winners.html|url-status=live}}</ref>
* Tanishq wins Global Awards for Excellence in Quality Management & Leadership by World Quality Congress<ref>{{Cite web|url=http://www.worldqualitycongress.org/award_winners.html|title=World Quality Congress & Awards|website=www.worldqualitycongress.org|access-date=10 March 2017|archive-date=12 March 2017|archive-url=https://web.archive.org/web/20170312045440/http://www.worldqualitycongress.org/award_winners.html|url-status=live}}</ref>
* Tanishq is the first Indian Brand to enter the list of top 30 Best Retail Brands in Asia Pacific and stands at # 13 as per Interbrand<ref>{{Cite news|url=http://www.thehindubusinessline.com/catalyst/tanishq-makes-the-interbrand-apac-list/article5896584.ece|title=Tanishq makes the Interbrand APAC list|date=10 April 2014|work=The Hindu Business Line|access-date=10 March 2017|language=en}}</ref>
* Tanishq is the first Indian Brand to enter the list of top 30 Best Retail Brands in the Asia Pacific and stands at # 13 as per Interbrand<ref>{{Cite news|url=http://www.thehindubusinessline.com/catalyst/tanishq-makes-the-interbrand-apac-list/article5896584.ece|title=Tanishq makes the Interbrand APAC list|date=10 April 2014|work=The Hindu Business Line|access-date=10 March 2017|language=en}}</ref>


;Eyewear
;Eyewear
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==Social initiatives==
==Social initiatives==
In 2018, as part of their [[Corporate social responsibility (India)|corporate social responsibility]] the company sponsored entrepreneur and skater Rana Uppalapati’s mission titled Titan ECHO (Educate to Carry Her Onwards), to raise support for the education of 25,000 girl children in India.<ref>{{Cite web|url=https://www.deccanchronicle.com/lifestyle/viral-and-trending/091218/rana-uppalapati-skates-6000-kms-to-raise-funds-for-girl-children.html|title=Rana Uppalapati skates 6,000 kms &#91;sic&#93; to raise funds for girl children|date=9 December 2018|website=Deccan Chronicle|language=en|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155408/https://www.deccanchronicle.com/lifestyle/viral-and-trending/091218/rana-uppalapati-skates-6000-kms-to-raise-funds-for-girl-children.html|url-status=live}}</ref>
In 2018, as part of their [[Corporate social responsibility (India)|corporate social responsibility]], the company sponsored entrepreneur and skater Rana Uppalapati’s mission titled Titan ECHO (Educate to Carry Her Onwards), to raise support for the education of 25,000 girl children in India.<ref>{{Cite web|url=https://www.deccanchronicle.com/lifestyle/viral-and-trending/091218/rana-uppalapati-skates-6000-kms-to-raise-funds-for-girl-children.html|title=Rana Uppalapati skates 6,000 kms &#91;sic&#93; to raise funds for girl children|date=9 December 2018|website=Deccan Chronicle|language=en|access-date=3 July 2019|archive-date=3 July 2019|archive-url=https://web.archive.org/web/20190703155408/https://www.deccanchronicle.com/lifestyle/viral-and-trending/091218/rana-uppalapati-skates-6000-kms-to-raise-funds-for-girl-children.html|url-status=live}}</ref>


==References==
==References==

Revision as of 06:14, 9 July 2024

This article is about the consumer goods company from India. For other companies, see Titan (disambiguation).

Titan Company Limited
Company typePublic
ISININE280A01028
IndustryLifestyle
Founded1984; 40 years ago (1984)
FounderXerxes Desai[1]
Headquarters
Bangalore, Karnataka
,
India
Area served
Worldwide
Key people
ProductsWatches, Jewellery, Bags, Perfumes, Belts, Wallets and Eyewear
Brands
RevenueIncrease ₹51,617 crore (US$6.2 billion) (2024)[3]
Increase ₹4,622 crore (US$550 million) (2024)[3]
Increase ₹3,496 crore (US$420 million) (2024)[3]
Total assetsIncrease ₹31,550 crore (US$3.8 billion) (2024)[3]
Total equityIncrease ₹9,393 crore (US$1.1 billion) (2024)[3]
Owners
Number of employees
8,680 (2024)[3]
ParentTata Group
Subsidiaries
  • Titan Engineering and Automation Limited
  • CaratLane
Websitetitancompany.in

Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore,[5] and registered office in Hosur, Tamil Nadu.[6]

Titan Company commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery with Tanishq and subsequently into eyewear with Titan Eyeplus. In 2005, it launched its youth fashion accessories brand Fastrack.[7] Titan is the largest branded jewellery maker in India by value, with a 6% market share as of 2022.[8][9] More than 80% of its total revenue comes from the jewellery segment.[8] As of 2019, it is also the fifth-largest watch manufacturer in the world.[10]

History

1984–1990

Titan Company Limited was inaugurated on 26 July 1984 under the name Titan Watches Limited in Chennai.[11] A plant was set up to manufacture quartz analogue electronic watches in the State Industries Promotion Corporation of Tamil Nadu, Ltd. Industrial area at Hosur. In November 1986, Titan Company and Casio signed a MoU proposing to manufacture 2 million digital and analog-digital watches.[12] In 1989, a satellite case plant was set up in Dehradun, Uttarakhand at present with a manufacturing capacity of 500,000 watch cases annually.[11]

1991–2000

In September 1993, the company changed its name to Titan Industries Ltd. as it ventured into other range of products other than watches.[13][14]

In 1994, Titan launched its jewellery brand Tanishq.[15]

In 1998, the company launched its watch and accessories brand, Fastrack, targeted at a younger audience in a bid to compete with Timex.[16]

2001–2010

In 2001, Titan launched the kids’ watch brand, Dash. The brand saw poor performance and was discontinued in 2003.[17] In 2004, the company agreed with Moet Hennessy Louis Vuitton Group, to service the latter's range of watches in India through its customer care centres.[18]

In 2005, Fastrack was positioned as an independent accessory brand targeting the urban youth. To become a fashion brand, Fastrack launched sunglasses in the same year and launched bags, belts and wallets in 2009.[19]

2011–present

A Tanishq jewellery store in Hyderabad.

Titan acquired Swiss watchmaker Favre-Leuba in 2011 for €2 million to enter the European market.[20][21] In 2013, Titan entered the fragrances segment with the brand Skinn[22] and later that year, it ventured into the helmets' category under its brand Fastrack.[23] In the same year, it changed its name to Titan Company Ltd.[24] In 2014, it entered into a joint venture with Montblanc to establish its retail stores in India.[25]

In 2016, Titan opened prescription lens manufacturing facilities in Noida, Kolkata, and Mumbai to improve its order processing time.[26]

In 2016, Titan entered the wearable devices market by introducing its smartwatch, Juxt, made through a collaboration with Hewlett-Packard.[27] In 2017, the company launched a fitness tracker, named Gesture Band under its youth accessories brand, Fastrack.[28] In the same year, it invested $3 million in a Singapore based wearable tech company, CoveIoT.[29] In 2018, the company added new fitness tracker bands. The company had a 7.4% market share in the wearable devices market as of 2018.[30]

In 2018, Titan merged its jewellery brand, Gold Plus targeted at customers in South India with Tanishq to establish the brand's presence in South.[31]

In November 2020, Titan opened its first overseas Tanishq store in Dubai as well as an exclusive website for Dubai showcasing its collections.[32]

In 2023, Titan sold its subsidiary Favre Leuba to Ethos.[33][34] In December 2023, Titan acquired a 10% stake in American healthtech company CueZen for $3.5 million.[35]

Products

Watches

A Titan Octane series watch.

The watches division comprises brands Fastrack, Sonata, Edge, Raga, Nebula, Octane, Xylys and Zoop. In 2011, the company secured a licence for the marketing and distribution of Tommy Hilfiger and Hugo Boss watches.[36][37] In 2016, Titan obtained the license to retail Kenneth Cole watches in India.[38]

Eyewear

In 2007, Titan Industries forayed into the fashion accessories industry with the launch of sunglasses. It introduced Titan Eye Plus which makes frames, contact lenses, prescription eyewear, and sunglasses.[39]

Jewellery

Xerxes Desai started the brand Tanishq in 1995. Zoya was launched in the luxury segment, while Mia, a sub-brand was under Tanishq for work-wear jewellery.[40] In 2016, Titan invested in CaratLane. As of 2022, Titan has a 6% market share in India's jewellery market.[9]

Perfume

In 2013, Titan launched six variants of perfume under the brand name ‘Skinn’. They collaborated with global perfumers including Alberto Morillas and Olivier Pescheux.[41]

Sarees

Taneira is an ethnic wear brand from Titan that retails hand-woven sarees from different weaving clusters of India.[42]  The brand was launched in 2016.  The first retail store was opened in Bangalore in 2017 with more stores followed in New Delhi and Hyderabad.[43]

Subsidiaries and affiliate companies

Titan Engineering & Automation Limited is a wholly owned subsidiary of Titan. It was formerly known as Titan-Precision Engineering Division. The company now deals in machine building, automation and component manufacturing.[21]

Titan acquired a 62% stake in CaratLane 2016 for $50 million.[44]

In 2023, Titan acquired another 27.18% stake in CaratLane Trading from the jewellery brand’s founder and his family for Rs 4,621 crore in cash, following which its stake in the company will increase to 98.28%.[45]

In 2015, Titan entered a joint venture to sell products of the Swiss luxury brand Montblanc through its retail outlets. Titan's equity share in Montblanc India Retail Private Limited is 49% and Montblanc Services B.V. holds 51%.[46]

Awards and recognition

Titan Company is awarded in many national and international forums for various activities and categories.

Corporate
  • Selected as Best Employer for National Award for the Empowerment of Persons with Disabilities 2014 by the government of India[47]
  • Titan ranked among the 100 most sustainable corporations in Asia in the Channel News Asia Sustainability Ranking 2014[48]
  • Top Indian Company award under the Gems and Jewellery Sector at the Dun & Bradstreet Corporate Awards, 2014[49]
  • "Hall of Fame" award at 12th Franchisee Awards 2014 by Franchisee India[50]
Watches
  • Award at the CII 24th Kaizen national awards for assembly casing team[51]
  • Good Design Award 2014 by design Council of Japan for Skeletal Edge[52]
  • "Best Product Design of the year-Watches & Jewellery" award by Red Dot for Skeletal Edge for 2014[53]
  • Bronze medal at the Indian Effies Award for Fastrack[54]
Jewellery
  • "Most Admired Retailer of the year" award in Jewellery Category by Images Retail Awards[55]
  • Tanishq wins Global Awards for Excellence in Quality Management & Leadership by World Quality Congress[56]
  • Tanishq is the first Indian Brand to enter the list of top 30 Best Retail Brands in the Asia Pacific and stands at # 13 as per Interbrand[57]
Eyewear
  • Award for Customer service excellence at Golden Globe Tigers Award[58]
  • Gold & Silver Awards at TRRAIN (Trust for Retailers and Retail Associates of India) Retail Awards[59]
  • Gold Award in the Outdoor Advertising Convention 2014[60][61]
Precision engineering
  • Hosur won three State Safety Awards announced by Tamil Nadu Government in 2013[62]

Social initiatives

In 2018, as part of their corporate social responsibility, the company sponsored entrepreneur and skater Rana Uppalapati’s mission titled Titan ECHO (Educate to Carry Her Onwards), to raise support for the education of 25,000 girl children in India.[63]

References

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